Welcome back to the Alt Goes Mainstream podcast.
On today’s show, we bring the institutional family office perspective to private markets. We talk with
Jamie Rhode, a Principal at
Verdis Investment Management. Verdis is a single family office based in Philadelphia that was built on the rich legacy of the family, a major business family, that has spanned over three centuries.
At Verdis, Jamie is focused on venture capital, private equity, and hedge fund investment sourcing and due diligence. She joined Verdis from Bloomberg, where she held roles in both equity research and credit analysis. Verdis is an active investor in the venture capital ecosystem, leveraging a data-driven investment approach that Jamie spearheads to allocate to mainly smaller and emerging managers. They’ve taken a very thoughtful approach to asset allocation, particularly venture, and have had a number of valuable insights on asset allocation come out of that process.
Jamie and I had a fascinating discussion about the allocator’s perspective on venture capital and smaller fund managers.
We discussed:
- Why Jamie believes that 90% of investment returns come from asset allocation strategy.
- Why smaller funds often drive the best returns.
- Why illiquidity and duration are so critical to producing outsized returns, with Verdis finding that the last 20% of the hold period of a fund producing 46% of the returns.
- Why Verdis believes in the strength of the YC network.
- The perfect fund size and portfolio construction.
- Why former operators may not make the best fund managers in Jamie’s view.
Thanks Jamie for coming on the Alt Goes Mainstream podcast to share your wisdom and data-driven perspectives.
What is Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets?
Alt Goes Mainstream podcast is the place to turn to for interviews with some of the brightest and most experienced minds in the world of alternative investing, private equity (PE), venture capital (VC), real estate, crypto, collectibles and more. For anyone looking to invest into alternative assets (from experienced wealth managers to family offices to the individual investor looking for a more diversified investment portfolio), you’ll hear inside stories from executives and founders at some of the world’s largest financial institutions, alternative investment firms, and FinTech startups. More than a personal finance podcast, Alt Goes Mainstream dives deep into trends, investment strategies, firm building lessons, and innovative technologies that are enabling investors to access private markets and invest into alternative assets.